The use of credit cards proves to be very convenient for a lot of people today. Not only does it give the cardholder a sense of security, but it also allows him to make cashless purchases. It is so easy to flip out a card and have it swiped at the Point of Sale terminals in stores.
Yet, the use of credit cards also has a downside to it. Because of its accessibility and wide acceptance in many stores, a cardholder is often tempted to get things that are not truly necessary. This practice often leads to a maxed out credit card at the end of the statement period. For those who have multiple credit cards, the temptation is even greater. So, instead of a single credit card being maxed out, all their credit cards may be maxed out every month. This will not be a problem if the credit card holder has more than enough money to pay the balances on his credit cards.